October 25, 2023 9:11 am
The AUD/CAD currency pair scaled a fresh seven-week peak on Wednesday on the back of a surprisingly strong Australian CPI inflation print and ahead of a policy decision by the Bank of Canada later in the day. Australia’s consumer prices surged 1.2% quarter-on-quarter in Q3, picking up from a 0.8% gain in the second quarter […]
Read moreOctober 25, 2023 7:24 am
Stellantis on Tuesday announced plans to establish a joint venture with French nuclear fuels company Orano with the aim to recycle used electric vehicle batteries and scrap materials from its gigafactories across Europe and North America. Such a venture is expected to ensure additional access for the auto maker to the cobalt, nickel and lithium […]
Read moreOctober 24, 2023 11:56 am
According to the International Energy Agency, a strong increase in production of liquefied natural gas will push prices down, but there is also a risk of a supply glut. In its latest World Energy Outlook report, the Paris-based agency said that an “unprecedented surge” in LNG projects, which would come online from 2025, would likely […]
Read moreOctober 24, 2023 8:38 am
Private sector activity in the Euro Area registered a fifth consecutive month of contraction in October and also the steepest decline since November 2020, as both the manufacturing and services sectors continued to shrink. Euro Area’s Composite Purchasing Managers’ Index (PMI) was reported at a preliminary 46.5 in October, falling from a final reading of […]
Read moreOctober 24, 2023 7:41 am
The GBP/JPY currency pair registered a fresh two-week high on Tuesday, after data showed UK’s adjusted experimental unemployment rate had risen in the three months leading up to August, while Japan’s factory activity had contracted for a fifth successive month in October. Provisional data by the Office for National Statistics showed UK’s adjusted unemployment rate […]
Read moreOctober 24, 2023 6:08 am
Arthur J. Gallagher & Co, a global insurance brokerage, risk management and consulting services firm, said on Monday that it had acquired New York-based Rosenzweig Insurance Agency Inc. However, the company did not disclose any financial details of the agreement. Rosenzweig Insurance Agency is a full-service insurance broker with pharmacy expertise, which serves a client […]
Read moreOctober 23, 2023 12:44 pm
Ooma Inc said on Monday that it had acquired 2600Hz Inc, a leader in modern and flexible business communications applications targeted at resellers and carriers. The deal was valued at about $33 million in cash. 2600Hz is anticipated to add nearly $7 million in annual recurring revenue to Ooma Inc. The deal, which was finalized […]
Read moreOctober 23, 2023 10:04 am
The South African Rand weakened against the US Dollar at the start of the week, with geopolitical tensions being a major driver. Investor concerns that the Israel-Hamas conflict could spread to other territories was supporting demand for safe haven assets and was weighing on risk-sensitive currencies such as the Rand. “This means that the rand […]
Read moreOctober 23, 2023 8:10 am
The USD/SGD currency pair was mostly steady on Monday, while holding not far from recent two-week peak, as risks of a wider conflict in the Middle East weighed on the Singaporean Dollar and other Asian currencies. Media reports emerged that Israel had launched air strikes on Gaza early on Monday and clashed with the Iran-backed […]
Read moreOctober 22, 2023 4:11 pm
Pharmacy chain CVS Health said this week it would remove from its shelves particular oral cough and cold products with phenylephrine as the sole active ingredient. In September, a panel of advisers to the US Food and Drug Administration refused to support the effectiveness of oral over-the-counter medicines that contain phenylephrine. The US health regulator […]
Read more
